moving average price is about 0.35+-, downward risk is minimum, the only thing is to wait it to explode further and further .... Don't think those big buyers only aim little profit .... so wait and see loh
if u are contra player, please don't play this stock.. This stock is aimed by foreign fund and they apply pump and dump strategy is to kill off those contra players.
Foreign fund accumulate (bump) from 0.34 to 0.40++ . In between, a big block of share transacted/ change hand at higher or targeted price then dump back to lower price later. Usually they declare high buying price to BSKL.
@ windcloud , I agreed with you as strong support base already formed at 0.375-0.38. Looking for the price run up...I'm very sure the big volume will be back very soon.
14 May 2007 Others EX-date: 24 May 2007 Entitlement date: 28 May 2007 Entitlement description: EXCHANGE OF 47,778,000 ORDINARY SHARES OF RM1.00 EACH HELD IN CYGAL BERHAD (“CYGAL SHARESâ€) AT 5.00 P.M. ON 28 MAY 2007 WITH 35,833,500 NEW ORDINARY SHARES OF RM1.00 EACH IN SYCAL VENTURES BERHAD (“SVBâ€) (“SVB SHARESâ€), VIA A MEMBERS’ SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 ON THE BASIS OF 3 NEW SVB SHARES FOR EVERY 4 CYGAL SHARES HELD (“SHARE EXCHANGEâ€)
When we are buying one counter we are not only see the quarter report but the most important thing is the share available in the open market. When we talked about syndicate, they will take as slow as possible to collect the share especially from the retailers. Since last spike with volume it already been few months testing the support. Lets give a few months before focusing this counter back.
Maybe pre-GE announcement fears, huh? ... Well, GE is not going to happen so soon yet ... Mandate already won for BN to rule until 23 August 2018 ... So, why wud they gv anybody any chance for challenge earlier than that? ...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JacNgu
214 posts
Posted by JacNgu > 2017-03-31 10:51 | Report Abuse
poop stock. pump & dump. careful